Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Drops By 88.0%

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,032 shares, a decline of 88.0% from the April 15th total of 8,623 shares. Based on an average trading volume of 19,183 shares, the short-interest ratio is presently 0.1 days.

Royce Global Value Trust Stock Up 0.3%

Shares of NYSE RGT traded up $0.04 during trading on Thursday, hitting $14.42. 20,331 shares of the company were exchanged, compared to its average volume of 23,648. Royce Global Value Trust has a 12-month low of $11.01 and a 12-month high of $14.99. The company has a fifty day moving average price of $14.01 and a 200-day moving average price of $13.56.

Institutional Trading of Royce Global Value Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its holdings in Royce Global Value Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after buying an additional 745 shares during the period. D.A. Davidson & CO. increased its holdings in Royce Global Value Trust by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after purchasing an additional 970 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Royce Global Value Trust by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock valued at $1,268,000 after purchasing an additional 1,200 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Royce Global Value Trust in the 3rd quarter valued at approximately $27,000.

Royce Global Value Trust Company Profile

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.